It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

They may require you to use their services, but they may not be as picky about whether the plan was their production or not.

It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced. 

Any feedback would be helpful.

of thousands of dollars in lost productivity, so the business is likely a lot less price-concerned than other residents. 

I hope that helps.

I’m going to send you DM to help jumpstart your brainstorming for more buy and hold investments.

My rental is in Upstate NY and I have a great lawyer that I could refer to you who could help you draw up the appropriate lease.

I’d love to hear your insights to help guide newer investors like myself and others in the community.

The rental above cash flows about $5,000 a month and helps offset the mortgage cost at $6300/mo.My question is: we have a lot of equity built into the rental, but the mortgage rate is so low that my calculations show shifting the debt from the primary residence loans to the rental as being a wash with the tax savings.